Canada Fluorspar (TSX-V:CFI, StockForum) reported results from the eleventh set of assays at three of their drill holes on the AGS Vein property with one of the holes intersecting five separate mineralized zones.
The company's news release gave details on the intersections, “...the first intersection having an average grade of 39.22% CaF2 over 2.35 metres; the second intersection having an average grade of 77.90% CaF2 over 3.31 metres; the third intersection having an average grade of 26.79% CaF2 over 3.00 metres; the fourth intersection having an average grade of 39.90% CaF2 over 9.42 metres; and the fifth intersection having an average grade of 42.91% CaF2 over 5.80 metres.”
Lindsay Gorrill, president and CEO of Canada Fluorspar, also commented, “The AGS Vein, primarily hosted in metasediments and the first major fluorspar vein discovered in the St. Lawrence area since the Director Vein in 1937, continues to produce promising results.”
Gorrill summed up, “The wide structure containing the AGS Vein and the associated parallel veins in the vicinity give reason for optimism surrounding future exploration in this area."
Shares climbed 8% on the news to $0.195 per share.
Currently there are 110,855,743 shares outstanding with a market cap of $21.62 million.